White House Now Says Debt Ceiling Deal Must Be Reached By July 22 To Avoid Defaulthttp://www.businessinsider.com/white-house-says-debt-ceiling-deal-must-be-reached-by-july-22-to-avoid-default-2011-7/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Tue, 26 Sep 2017 17:22:43 -0400Zeke Millerhttp://www.businessinsider.com/c/4e130baeccd1d59410130000la muserTue, 05 Jul 2011 09:03:42 -0400http://www.businessinsider.com/c/4e130baeccd1d59410130000
those rich Americans who make $250k a year and fly in private jets and throwing them into re-education camps.
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House Republicans dealt defeat to their own proposal for a $2.3 trillion increase in the nation’s debt limit Tuesday, a political gambit designed to reinforce a demand for spending cuts to accompany any increase in government borrowing.
Both parties say not to worry, eventually a deal will be cut and America will not default on it’s debt, if you can believe anything that comes out of Washington that is…http://www.businessinsider.com/c/4e0e74af4bd7c8cc50000000sharn cedarFri, 01 Jul 2011 21:30:23 -0400http://www.businessinsider.com/c/4e0e74af4bd7c8cc50000000
Ok, so the idea is if the Treasury is not specifically authorized to issue more debt, they can't do it? Because they are worried about the legality of it? What was the legal basis of letting Goldman Sachs become a bank holding company in one day, bypassing all process and capital requirements. Timothy Geithner was in on that - when it came to Goldman Sachs, that old law bugaboo was ignored entirely. They did what they pleased, and justified it in the name of "crisis". So what is the holdup here? Turbo Tax Timmy says he is now bound by law? When did that happen. String him and his cronies up and let 'em hang there and die slow.http://www.businessinsider.com/c/4e0e61dd49e2ae5625150000andrewp111Fri, 01 Jul 2011 20:10:05 -0400http://www.businessinsider.com/c/4e0e61dd49e2ae5625150000
If the Treasury can't borrow the money and the monthly tax receipts aren't enough, can they simply print up the difference? I just don't know if they can print money without authorization from Congress or whether they need an act of Congress to do it, but the Treasury has simply printed money before.. I do not believe the President's dire predictions. Federal payments will not stop.http://www.businessinsider.com/c/4e0dd714ccd1d5b429030000woah !Fri, 01 Jul 2011 10:17:56 -0400http://www.businessinsider.com/c/4e0dd714ccd1d5b429030000
Fools ,you don't even know how poor you are. Please default !